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Facts
XL Health Corporation India Pvt. Ltd. filed two appeals against final assessment orders for AYs 2017-18 and 2018-19. These orders were passed under Sections 143(3), 144C(13), and 144B of the Income-tax Act, 1961, following orders from the Dispute Resolution Panel.
Held
The assessee informed the Tribunal that it had received and accepted a Mutual Agreement Procedure (MAP) resolution for the assessment years in question. Consequently, the assessee requested to withdraw its appeals, which the DR agreed to. The Tribunal dismissed the appeals as withdrawn.
Key Issues
Whether the appeals should be dismissed as withdrawn given the assessee's acceptance of a Mutual Agreement Procedure (MAP) resolution.
Sections Cited
143(3), 144C(13), 144B
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, “A” BENCH : BANGALORE
Before: SHRI PRASHANT MAHARISHI & SHRI PRAKASH CHAND YADAV
Per Prashant Maharishi, Vice President 1. These two appeals are filed by XL Health Corporation India Pvt. Ltd. (the assessee/appellant) against the final assessment orders passed by the Assessing Officer, National Faceless Assessment Centre, Delhi (NFAC) / Assessment Unit, Income Tax Department [ld. AO] u/s. 143(3) r.w.s. 144C(13) r.w.s. 144B of the Income-tax Act, 1961 [the Act] dated 31.03.2022 & 29.7.2022 for the assessment years 2017-18 & 2018-19
IT(TP)A No.420/Bang/2024 Page 2 of 2 in pursuance of the ld. Dispute Resolution Panel’s (DRP) order dated 27.01.2022 & 14.6.2022 respectively.
At the outset, the ld. counsel for the assessee invited attention to the assessee’s letter dated 13.1.2025 stating that the assessee has received MAP resolution agreed upon by the competent authorities in accordance with Rule 44G(6) of the Income-tax Rules, 1962 for AY 2017-18 and 2018-19 and assessee proposes to accept the same. In this regard communication of MAP resolution dated 20.12.2024 is filed on record. Accordingly he requested for withdrawal of the appeal. The ld. DR agreed.
In view of the above, the appeals of the assessee are dismissed as withdrawn.